Forty-four percent of full-time workers spend time worrying about personal finances during work hours. In addition, 29% actually deal with their personal finances at work, and of those, 46% spend an average of two to three hours a week at work dealing with these issues, according to a report by Purchasing Power. Forty-four percent of those who work full-time or have a spouse who works full-time say they are better off financially than they were one year ago. Yet, 28% have trouble meeting monthly household expenses and 44% don’t have at least $2,000 in emergency savings.
Employers are offering on-site money management and financial planning seminars to help employees change their behaviors and increase their financial literacy. One offering is a program that allows employees to purchase household items and educational services through payroll deduction. The goal is to prevent over-spending and promote disciplined purchasing through manageable payments and pre-set spending limits and controls. For more information, visit www.PurchasingPower.com.